Port Authority Board Elects New Officers

Press Release
Thursday, March 14, 2013
Marc Krantz, Photo: Port of Cleveland

The Cleveland-Cuyahoga County Port Authority’s Board of Directors elected officers to new one-year terms, effective immediately.

The Board elected Marc Krantz as Chair, Chris Ronayne as Vice Chair, and Diane Downing as Secretary. Krantz is managing partner of the Cleveland law firm of Kohrman Jackson and Krantz. He has served on the Board since 2009, and was for the last two years Vice Chair of the Board, and Chair of the Real Estate and Development Finance Committee.

Ronayne and Downing were both appointed to the Port Board in 2011. Ronayne is president of University Circle Inc.; Downing is senior vice president and regional manager of corporate affairs for Huntington National Bank in Cleveland.

Smith joined the Board in 2007 and served one year as Vice Chair and two years as Chair. He also headed the committee that in 2010 selected Will Friedman to become the Port’s President and CEO. Smith will remain on the Board, but chose to continue the recent tradition not to seek reelection to open leadership opportunities for other Directors.

During the Board meeting Port Directors also voted to issue up to $90 million in bonds to finance Cuyahoga County’s new headquarters. The project is expected to revitalize an older business district in downtown Cleveland and serve as an anchor for surrounding mixed-use redevelopment.

In other actions the Board agreed to:
-The $2 million sale of a building on E. 40th Street in Cleveland to Charter Stone Capital, LLC. The building is currently leased to I Can Schools. Proceeds will help support the Port’s 2013 capital program.
-The issuance of up to $85 million in bonds for the Medical Center Co., a non-profit that provides electrical, steam and other services to institutions in University Circle. The fixed-rate bonds will be used to refinance existing variable-interest bonds.
-A new one-year operating agreement with Federal Marine Terminals, Inc., which operates the Port’s general cargo facilities.
-Renewal of a one-year operating agreement with Kenmore Construction Co., which uses Port property to receive and distribute bulk construction materials.
-The execution of an agreement with VOCON Inc. for architectural and engineering services at the Port’s new administrative headquarters at 1100 W. 9th Street. The Port plans to move to the building later this year.

www.portofcleveland.com

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

BHP Billiton Congratulates Women in Resources

More diverse workforces are helping resource companies achieve superior performance, safety and stable production, says BHP Billiton’s Human Resource President, Mike Fraser.

Shell CEO: US Should Export Oil, Embrace Global Markets

The head of energy company Royal Dutch Shell said on Tuesday that U.S. policymakers should lift the crude oil export ban because allowing the shipments would make global energy system more stable.

SUNY Maritime Takes the Ice Bucket Challenge

Taking full advantage of one of the summer’s hottest days, twelve administrators and staff at the State University of New York (SUNY) Maritime College today took the Ice Bucket Challenge,

Ports

Five Port Projects Shortlisted for ESPO Award

Today, the projects of the ports of Huelva, Koper, Lisbon, Marseille and Rotterdam have been shortlisted for the sixth ESPO Award on Societal Integration of Ports.

Algeria in Talks to Export Crude to Venezuela

Algeria is in talks to export crude oil to fellow OPEC member Venezuela, Algerian Energy Minister Youcef Yousfi said on Tuesday, confirming a Reuters report. Last week,

New Shipping Agency Enters the Market

Newly formed shipping agency Wave Shipping aims to bring change to current industry practice with its differentiated value proposition Founded by Lars Rosenkrands,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Salvage Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2405 sec (4 req/sec)